A Dropoff in Manufacturing Employment?
Original Report
From the ADP release: Figure 1: Change in manufacturing employment since 2025M01 from BLS (blue), preliminary benchmark revision from BLS (light blue square), from ADP (green). Orange shading denotes...
From the ADP release: Figure 1: Change in manufacturing employment since 2025M01 from BLS (blue), preliminary benchmark revision from BLS (light blue square), from ADP (green). Orange shading denotes post-Liberation Day period. Source: BLS, ADP via FRED, BLS, and author’s calculations. Private NFP doesn’t show a dropoff, but growth didn’t match expectations (+38K vs. +47K Bloomberg consensus): […]
Glass House Analysis
Labor market conditions shape the lived experience of millions of working families. When jobs are plentiful, workers have leverage to demand better wages and conditions; when they're scarce, the balance of power shifts to employers. This dynamic plays out daily in kitchen tables across America, where families make decisions about whether to ask for a raise, change jobs, or accept less-than-ideal conditions out of necessity.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
AI Addicts Won’t Make Better Workers
Is the killer app for AI chatbots widespread, productivity-sapping addiction to justify their trillion-dollar investments?
FTSE 100 Live: UK Stocks Set for Third Day in the Red While Oil Cools
Iran strikes Kuwait as Trump says renewed Mideast hostilities will not last 'too long'
On Thursday, Kuwait's army said it was confronting hostile missile and drone attacks from Iran.
Philippines Reconsiders Five-Year Jumbo Bond Sale on High Inflation, Weak Peso
The Philippines is rethinking a plan to sell five-year jumbo bonds later this month as a falling peso and rising interest rates make borrowings more expensive.